MOODY'S: ECB CANNOT SAVE EURO ALONE

ECB commitment to preserve Euro is a necessary, but not a sufficient ...

THE EINHORN CHART ACCURATELY ILLUSTRATES THE EURO-CHARADE THAT'S BEEN PLAYING OUT OVER THE LAST 2 YEARS IN AN ATTEMPT TO PREVENT A HARD LANDING:

DRAGHI'S LAST PRONOUNCEMENT - WHICH HAS BUOYED MARKETS FOR A DAY OR SO -  IS MORE OF THE SAME.

STAY TUNED...